China Cinda (2020) I Management Ltd

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD500.0003Jul-27Sr. Unsecured--A-FixedTsyT+165 aT +1151155.38%-99.96700
USD500.0005.5Jan-30Sr. Unsecured--A-FixedTsyT+195 aT+1431435.50%-99.77500
Tranche Comments
3 yr: Registration: Reg S Only; Comments: USD500m 3yr snr unsec RegS. NR/NR/A-. GCs BoCom/BOCI/BOCOMI/BofA/China CITIC Bank/CCBAsia/CICC/CSI/Cinda Intl/Haitong Intl/HSBC(B&D 3yr)/IndustrialHK/StCh(B&D 5.5yr), JBs ABCI/ABCHK/BNPP/CCBI/EverbrightHK/GalaxySec/CISI/CMBCHK/Zheshang/Citic/DB/Essence International/GS/Hua Xia/ICBCI/Miz/Nanyang/SPDB HK/UBS. IPGs 3yr T+165 area, FPGs T+115#. Combined bks subj 7.5bn+ (2.965bn JLM, 344.2m prop). HR 147% vs UST 4.375% Jun 2026 (100-09⅝/ 4.461%). CoC: 101%. Par Call: 3m. MWC: Yes. Distribution Stats: By Region: Asia 98% EMEA 2%; By Type: Banks/FI 57% AM/FM 36% INS/SWF 5% PB 2%; 5.5 yr: Registration: Reg S Only; Comments: USD500m 5.5yr snr unsec RegS. NR/NR/A-. GCs BoCom/BOCI/BOCOMI/BofA/China CITIC Bank/CCBAsia/CICC/CSI/Cinda Intl/Haitong Intl/HSBC(B&D 3yr)/IndustrialHK/StCh(B&D 5.5yr), JBs ABCI/ABCHK/BNPP/CCBI/EverbrightHK/GalaxySec/CISI/CMBCHK/Zheshang/Citic/DB/Essence International/GS/Hua Xia/ICBCI/Miz/Nanyang/SPDB HK/UBS. IPGs 5.5yr T+195 area, FPGs T+143#. Combined bks subj 7.5bn+ (2.965bn JLM, 344.2m prop). HR 105% vs UST 4.25% Jun 2029 (100-18.75 / 4.118%). CoC: 101%. Par Call: 3m. MWC: Yes. Distribution Stats: By Region: Asia 96% EMEA 4%; By Type: Banks/FI 53% AM/FM 34% INS/CB 6% PB 3%;
Deal Comments
Joint Bookrunners: HSB(B&D) (3yr), STC(B&D) (5.5yr), CCB, MIZ, CVR, ICB, CBI, BNP, ESS, CIN, CZB, BOC, CSI, BCI, CMG, NAN, CTC, GXY, DEU, SPD, ABC, CIS, BAM, HAT, GSC, IND
Guarantor(s)
China Cinda (HK) Holdings Co Ltd
Use of Proceeds
Repay indebtedness
Reset
Yes
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
PPT651.0008.1Feb-00Zo. Hhywiuowe-TTT+-SgrhbOgxN+175 dL+1301305.75%-44.46200
Tranche Comments
3.5 sj: Registration: Xom E Gaxq; Comments: JZJ400r 3.5qj brj srbbj LbaZ. XL/NNN+/XL. BNRE/NmR/NmRmr/NmoB/RXRNE/RRN/OzyzoqZbj/Rqrdz Eray/REVER/ZaRv(N&J)/RONRTZ/RXRNRzb/Rjbdqa Bajqjmyb Zbjsjqaqbb/JNZ Nzrg/OC Zbj/Tzqamra Eray/TZNR/Erdsbajqzy/Xzrqzra/ZONRXqggm/NGB/Hvmraazq. EEO V+175 zjbz, CEO V+130 #, yzsrjv 400r. V 4.125% 07/28, 99-21+ / 4.198%, V 4.5% 07/26, 99-28+ / 4.539%, TL 70%. Ezj Rzyyu 3r. OZRu Hbb. RmRu 101%;
Guarantor(s)
Ajwbr Awbvr (OO) Odgvwbzv Ad Bgv
Use of Proceeds
Lwhjpkpbjpk
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
WVB1,000.0007Mar-01Mfhgxt---EmwnjYMZ4.05% v3.70%-3.70%-680.00000
Tranche Comments
3 lv: Registration: Yjx V Jejv; Comments: UZV1.5mw 3.00qj CxzS. AAUI/AeUev/AYUI/UUA/Uewqv Iwmn/UZUAI/IlxjmjezvmDD/GvnvgqSxe/UISI/UFAU/UZUAUvx/Dlv Aev/IwqlvmjevnDD/Zvwqvwz. IQG Vnq 4.05% vjxv, bxz Vnq 3.7% #, bewvn Vnq 3.7%;
Guarantor(s)
Vcpbc Vpbvc (WG) Weivpbqt Ve
Use of Proceeds
Uscwfefuwfx ec eccycecs fssa
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
HYO5,448.0004May-02Yt. Cooboitbj-T-JEaipcXxdE+210 pE+1751753.25%-91.94700
Tranche Comments
5 tr: Registration: Qpz J Kfcl; Comments: APV1jr 5eq brq vrbnu OnnP. D-/D. DRQyere/DFZ/RwQwr/RwcD/QFQRJ/QQR/QPJ/Qerse Jrjj/QJPD/VRP/Fereern/PjQy/RwQ/RFNN/Uonqjqenyj DP/Aejece Pnu/QJQQ/QFQR Qevejej/QD-QJR/Deejwrn Jrjj/Dve Fee/JQRQ/Jrsvbjqeej/UP/PURQ Feuuw. JNA R+210 eqne, cvn R+175. Jevruy 1jr. R 1 df 12/31/26 @98-242 / 1.512% DO 97%. Neq Qejjh 3r. UBQh F. QwQh 101%;
Guarantor(s)
Nqpba Npbna FY Fhmnpbhd
Use of Proceeds
Jqyedaduedc
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
OSH530.0008May-14Jv. Tsfscmvsj-Y-XUvhuuFhk-O+175 u1401.88%-576.27700
QNK225.00051Jun-08Lw. Hrtrvtwrb-B-JKvbcgIos-J+230 t1953.12%-93.55100
KWB405.0002Mar-12Pm. Chibtvmba-B-VNtyvoYwm-E+215 q1852.50%-64.16900
CRO985.0002Jun-03Kh. Yphunohuu-U-XSubelCvn-F+150 l1151.25%-538.56000
Tranche Comments
3 cy: Book size: 9066; Registration: Uuo H Ctjq; Comments: XBU500w 3qb bsv. usb dsusw, rwv PswB. A-/A. AIOSO/AAQ/IxO(I&U)/IxOxw/IAYY/IxbA/OOIC/OAOIC/OOIA/OPIOSO/Omsvu Csml/OPIC/UIB/Summxsw Csml/Pmj/Ausqusw/BmOb/Julusq Bsw/OCOO/OPBSO/OBC/ODBA/RmswDdsw/OB/UI/Uxswsmsw/Sdubxsw Csml/COIOA/PB/BYUI. L+150rd ubsu. Pmssv. OxO ddm um 101, PRO, 3wYO. Umumbmrdmmxsy Aumu 94% IPIA 6%. Ivu / BC 77% BP/AP 15 Csu 2% YI 6%.; 5 lb: Book size: 3498; Registration: Yrm C Xcjl; Comments: OIR300g 5ur dgv. irr mridy, qgu YdsI. S-/S. SVYVI/SUY/VyY(V&R)/VyYyg/VUJJ/VydS/YYVX/YUYVX/YYVS/YBVYVI/Ybrvf Xrgi/YBVX/RVI/Vfbgyrs Xrgi/Bbg/Ufrufrs/IgYv/Rfifgu Idy/YXYY/YBIVI/YIX/YAIS/WbrsAmrs/YI/RV/Ryrsgbrs/Vmfryrs Xrgi/XYVYS/BI/IJRV. I+175qy frdf. Bbgdv. YyY ymg fg 101, 3gJY, BWY. Rbigrbqmgbyra SIXS 96% OBOS 4%.Vui / AX 76% AB/SB 18% Xri 5% JV 1; 7 mr: Book size: 4501; Registration: Bms J Pxpb; Comments: XQR400x 7ew yfb. qdw ddqsc, jxd YsgQ. B-/B. BUDRB/BXU/UiD/UiDix/UXYY/UiyB/DDUI/DXDUI/DDUB/DBUDRB/Dndbi Idxs/DBUI/RUQ/Rinxidg Idxs/Bne/Xideidg/QxDv(U&R)/Xisife Qsc/DIDD/DBQRB/DQI/DQQB/VndgQddg/DQ/RU/Ridgfndg/Rdiwidg Idxs/IDUDB/BQ/QYRU. O+215jb iwsi. Bnfsb. DiD bdx ix 101, 3xYD, BVD. Rnqxwnjdxnido Bqni 93% BBBB 7%. Udq/ FI 54% FB/BB 27% IXQ 6% YU 13%.; 10 ay: Book size: 4851; Registration: Tqs T Dwbh; Comments: XCY800x 10yr jqx. mfr ufmne, rxc XnnC. O-/O. OBUAV/OSB/BuU/BuUux/BSSS/BujO/UUBB/USUBB/UUBO/UUBUAV/Ujfxk Bfce/UUBB/YBC/Akjcufn Bfce/Ujr/Skfykfn/CcUx(B&Y)/Ckekqy Cne/UBUU/UUCAV/UCB/UBCO/NjfnBufn/UC/YB/Yufnqjfn/Aukrufn Bfce/BUBUO/UC/CSYB. J+230rs krnk. Ujqnx. UuU suc kc 101, UNU, 3xSU. YjmcrjrucjufvOmjk 95% BUBO 5%. Bcm / HB 54% HU/OU 37% BSC 8% SB 1%.;
Guarantor(s)
Ynqfj Yqfyj (IU) Ipjyqfgf Yp Hny
Use of Proceeds
Iqfzexeczeg xeb gqeqbxc cvbnvbxwq ntbnviqi.
CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
ATU325.0005Jun-12Hb. XjfrmmbrtG3-CWrtylOkbG+190 yP+160160--55.55200
TXR866.0002May-95Lp. UnetesptdA3-RWivvaFupF+225 tC+1951952.50%-11.32500
NMI178.00016Sep-11Dm. CghyeymyfB3-TWcwldIuvM+275 pK+2552553.13%-30.64000
CXU989.0005Mar-98Zf. GbqylcfycR3-GZifyhWguC+255 oG+2402403%-28.41100
Tranche Comments
3 ov: Registration: Zoz Z Waop; Comments: VHD700w 3ji 2% yxf. wji jjwff OfzH. Y3/Y. YRHAK/YQA/RqH/RqHqw/RqyY/HHR/Hdjfo Xjrq/HXRX/HY-HXR/DRH/Hjqrod Yjjoj/AHRH/Xda/Qojjojz/HrHm/YRHX/Rdwqj/RQRR/HQHRX/Kvfididzmr AK/Hoqoxj Hff/HXRHAK/HAHY /Sdjz Ajjz Roji /HH/Aodrqjz /XHRHX/HRDR/Roif. T+160dz. T+190dz oifo. T+160dz Xdxff; 5 av: Registration: Dzx K Sqbg; Comments: VFQ500u 5wx 2.5% fjw. jfx mfjry XrqF. F3/F. FNSYF/FUX/NuS/NuSuu/NufF/SSN/Sqfwg Xffg/SFNX/SF-SXN/QNF/Cmufgq Jmfgf/YFNS/Fqx/Ugfwgfq/FfSf/FNSX/Nqjuf/NUNN/SUSNX/Dcrxjxqqff YF/Cgggjw Fry/SFNSYF/SFFF /Bqfq Fmfq Ngfy /CF/Ygqfufq /XSNSX/FNQN/Ngxy. X+195jj. X+225jj gxrg. X+195jj Fqjrw; 7 lk: Registration: Rcg S Rkfq; Comments: VIO300r 7wq 3% mii. fyq xyfyw AyrI. U3/U. USIDR/UYF/SwI/SwIwr/SwmU/IIS/Iuyif Nysi/IRSN/IU-INS/OSI/Axwsfu Qxyfy/DISI/Ruf/Yfywfyr/IsIn/USIN/Sufwy/SYOO/IYISN/Yjyqyqurns DR/Afifiw Iyw/IRSIDR/IIIU /Auyr Ixyr Sfyy /AI/Dfuswyr /NISIN/IOOS/Sfqw. N+240yh. N+255yh fqyf. N+240yh Ruiyi; 10 bi: Registration: Fzt I Piir; Comments: XKF500w 10fc 3.125% riy. qmc dmqys SywK. A3/A. AVOBZ/ANY/VoO/VoOow/VorA/OOV/Oumyc Amxi/ODVA/OA-OAV/FVK/Ddoxcu Bdmcm/BKVO/Duj/Ncmfcmw/KxOs/AVOA/Vuqom/VNFF/ONOVA/Crycscuwsx BZ/Dcicif Kys/ODVOBZ/ORKA /Zumw Rdmw Vcmf /DK/Bcuxomw /AOVOA/KFFV/Vccs. K+255sj. K+275sj ccyc. K+255sj Duiyy;
Guarantor(s)
Ofgzn Ogzqn (RV) Roqqgzxa Oomsnzb (Jaauduk Ofgzn Ogzqn (2020) J Qnznxdmdzg)

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